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GEARS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-052026-04-24INRCroresQuarterlyFourth quarterGeographical2026-05-0511:15:002026-05-0512:40:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-03-17https://www.shanthigears.com/wp-content/uploads/2025/04/Policy-on-Related-Party-Transactions.pdffalsefalseThe Company has no outstanding loans and has not defaulted during the year2026-01-012026-03-31AuditedStandalone13510000005850000014095000007182000000-324000001842000000471000002421000001159200000250300000-3220000021810000059000000-36000005540000001627000000000162700000-110000001517000007670000012.122.12002.122.121. The above Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 5 May 2026 and has been subjected to audit by the Statutory Auditors of the Company. These audited financial results have been prepared in accordance with the recognition and measurement principles provided in the Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 ("the Act"), other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (SEBI) under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. <BR> 2. The Company's main business is manufacture of Gearboxes and Gear Products. There are no separate reportable segments as per Ind AS 108 - Operating Segments. <BR> 3. The figures of the last quarter of the financial years ended 31 March 2026 and 31 March 2025 are balancing figures between the audited figures in respect of the full financial years and the published year-to-date figures up to the third quarter of the respective financial years prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards which were subjected to a limited review. <BR> 4. An lnterim Dividend of Rs. 3/- (Rupees Three only) per equity of Rs. 1/- each was declared by the Company at the meeting of the Board of Directors held on 22 January 2026 for the financial year 2025-26 and the same has been paid prior to 31 March 2026. Further, the Board of Directors have recommended a final dividend of Rs. 2/- (Rupees Two only) per equity of Rs. 1/- each for the financial year 2025-26 at their meeting held on 5 May 2026. <BR> 5. On 21 November 2025, the Government of lndia has notified the four Labour Codes - the code on Wages 2019, the Industrial relations code 2020, the Code on Social security, 2020 and the occupational Safety, Health and Working conditions code 2020 - consolidating 29 existing labour laws. The Ministry of labour & Employment published draft Central rules and FAQs to enable assessment of Financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of actuarial valuation obtained and the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact in the provisions for Defined benefit obligation amounting to Rs. 3.22 Cr and Rs. 4.78 Cr. in the audited financial results for the quarter and year ended 31 March 2026 respectively arises primarily due to change in the wage definition, and has been presented as "Statutory impact of new labour code" under "Exceptional items". The Company continues to monitor the finalization of Central / State Rules and the clarification from the Government on the other aspects of the Labour code and would provide appropriate accounting effect on the basis of such developments as needed. <BR> 6. The preparation of Consolidated Financial Results for the quarter and year ended 31 March 2026 are not applicable since the Company does not have any Subsidiary / Associate / Joint Venture. <BR> 7. Previous period/year figures have been re-grouped wherever necessary. <BR> 8. The above financial results are also available on our website www.shanthigears.com <BR> 2025-04-012026-03-31AuditedStandalone5187200000196300000538350000025512000000-104600000786800000016060000091470000043087000001074800000-478000001027000000273800000-1340000026040000007666000000000766600000-1230000075430000076700000143239000009.999.99009.999.99Other Expenses242100000Other Expenses9147000009799000002579000007320000005200000000101800000068100000169900000702000003200000155950000011284000006531000001156200000133000007388000001400000194200000275700000011100000039964000005555900000767000004323900000440060000044006000000000074300000480000079100000028660000043790000072450000011590000084040000021550000020300000107620000011553000005555900000Security deposit55300000Income tax assets (net)12800000Capital Advances3200000Interest Accrued on Bank Deposits23200000Fixed Deposits with Bank165000000Compensated Absences6000000Prepaid Expenses17600000Balances with statutory authorities64200000Advance to Suppliers28000000Rental Advance1200000Government Grants4800000Unpaid Dividends10600000Security Deposits Received13200000Capital Creditors35100000Employee benefits expense payable57000000Statutory Liabilities11300000Advances from Customers204200000India1146700000America161900000Europe17000000Others25400000India4491100000America530800000Europe54000000Others1113000001351000000518720000013510000005187200000India0America0Europe0Others0India0America0Europe0Others00000India0America0Europe0Others0000India0America0Europe0Others00000-3552000002299000000-532000000-3000000-32000000975000000-350000000160600000054100000061000000-92000000781000000-4400000000-130000000-340000009930000000002920000000701000000000000003100000529800000000000000000000000814000000-7700000-45300000000000000000384700000000-384700000-1367000000-13670000015000000013300000Re-measurement gain/(loss) on defined benefit obligations (Net)-14800000-14800000Re-measurement gain/(loss) on defined benefit obligations (Net)-16500000-16500000-3800000-4200000-11000000-12300000SHANTHI GEARS LIMITED******TUBE INVESTMENTS OF INDIA******HOLDING COMPANYAny other transactionService Fee50000000Approved3000000000SHANTHI GEARS LIMITED******TUBE INVESTMENTS OF INDIA******HOLDING COMPANYAny other transactionManpower Charges5000000Approved290000000SHANTHI GEARS LIMITED******TUBE INVESTMENTS OF INDIA******HOLDING COMPANYAny other transactionReimbursement of Expenses20000000Approved840000000SHANTHI GEARS LIMITED******TUBE INVESTMENTS OF INDIA******HOLDING COMPANYPurchase of goods or services10000000Approved400000011500000SHANTHI GEARS LIMITED******TUBE INVESTMENTS OF INDIA******HOLDING COMPANYSale of goods or services100000000Approved8800000133000004800000SHANTHI GEARS LIMITED******CG POWER INDUSTRIAL SOLUTIONS LIMITED******FELLOW SUBSIDIARYPurchase of goods or services50000000Approved1570000020000001400000SHANTHI GEARS LIMITED******CG POWER INDUSTRIAL SOLUTIONS LIMITED******FELLOW SUBSIDIARYSale of goods or services120000000Approved2890000009500000SHANTHI GEARS LIMITED******CARBORUNDUM UNIVERSAL LIMITED******PROMOTER GROUP COMPANYPurchase of goods or services50000000Approved1290000015000002000000SHANTHI GEARS LIMITED******CARBORUNDUM UNIVERSAL LIMITED******PROMOTER GROUP COMPANYSale of goods or services50000000Approved1520000069000002500000SHANTHI GEARS LIMITED******PARRY ENTERPRISES INDIA LIMITED******PROMOTER GROUP COMPANYAny other transactionTickets booking20000000Approved8800000200000700000SHANTHI GEARS LIMITED******WENDT (INDIA) LIMITED******PROMOTER GROUP COMPANYPurchase of goods or services10000000Approved3300000200000400000SHANTHI GEARS LIMITED******CHOLAMANDALAM MS GENERAL INSURANCE CO LIMITED******PROMOTER GROUP COMPANYAny other transactionInsurance20000000Approved1770000000SHANTHI GEARS LIMITED******NET ACCESS INDIA LIMITED******PROMOTER GROUP COMPANYAny other transactionIT support services10000000Approved4100000100000300000SHANTHI GEARS LIMITED******JUPITER SEA & AIR SERVICES PRIVATE LIMITED******PROMOTER GROUP COMPANYAny other transactionCustom Clearing Services200000Approved000SHANTHI GEARS LIMITED******SOUTHERN ENERGY DEVELOPMENT CORPORATION LIMITED******PROMOTER GROUP COMPANYPurchase of goods or services5000000Approved000SHANTHI GEARS LIMITED******COROMANDEL INTERNATIONAL LIMITED******PROMOTER GROUP COMPANYSale of goods or services10000000Approved10000000SHANTHI GEARS LIMITED******E.I.D.Parry (India) Ltd.******PROMOTER GROUP COMPANYSale of goods or services20000000Approved17000000200000SHANTHI GEARS LIMITED******MR. M KARUNAKARAN******WHOLETIME DIRECTOR & CEORemuneration14000000Approved1400000000SHANTHI GEARS LIMITED******MR. RANJAN KUMAR PATI******CHIEF FINANCIAL OFFICERRemuneration4100000Approved410000000SHANTHI GEARS LIMITED******Mr. Walter Vasanth P J******COMPANY SECRETARYRemuneration2100000Approved210000000SHANTHI GEARS LIMITED******Mr.Arun Venkatachalam******DirectorAny other transactionSitting FeesApproved20000000SHANTHI GEARS LIMITED******Mr.A.Venkatramani******DirectorAny other transactionSitting FeesApproved20000000SHANTHI GEARS LIMITED******Mr. S K Sundararaman******DirectorAny other transactionSitting FeesApproved20000000SHANTHI GEARS LIMITED******Ms. Soundara Kumar******DirectorAny other transactionSitting FeesApproved10000000SHANTHI GEARS LIMITED******Mr. L Ramkumar******DirectorAny other transactionSitting FeesApproved30000000SHANTHI GEARS LIMITED******Ms. Aruna Thangaraj******DirectorAny other transactionSitting FeesApproved20000000180300000AuditedtrueM S K A & Associatestrue2027-07-31